Posts tagged with "Zomato"

September 13th, 2017Online food delivery and restaurant discovery platform Zomato has finally acquired on-demand logistics and food delivery startup Runnr.
"Emotionally, the deal has been in place for a couple of months now, and both the teams have been working closely with each other quite some time now. So much so, Mohit Kumar, the Founder & CEO of...

September 5th, 2017Zomato Media Pvt. Ltd is in talks with China’s payments giant Ant Financial Services Group, looking to raise a funding of around $200 million,three people familiar with the deal said.
Food ordering and restaurant discovery platform may Zomato,may be valued between $800-$900 million, said two of the three people cited above. The...

July 27th, 2017Online restaurant finder and food ordering app Zomato has recently partnered with Indian Cab Aggregator Ola, to allow its users to book rides and pay using Ola Wallet.
“This partnership with Zomato brings increased convenience, seamless mobility and dining or ordering experience to the customers of both the platforms,” Ola director...

May 19th, 2017Online restaurant guide and food ordering app Zomato will be reaching out to 6.6 million users, whose hacked passwords could be theoretically decrypted in order to get them to update their account security.
The company had reported yesterday that about 17 million user records have been stolen from its database, which included user...

May 18th, 2017Online restaurant guide and food ordering app Zomato today said about 17 million user records have been stolen from its database.
The stolen information contains user email addresses and hashed passwords but no payment information or credit card data has been stolen/leaked, Zomato said in a blogpost on its website.
The startups...

May 18th, 2016Tech giant Apple on Wednesday announced a new initiative to support engineering talent and accelerate growth in India's iOS developer community.
Apple CEO Tim Cook, who landed in India late on Tuesday said the company would establish a Design and Development Accelerator in Bengaluru, the home of India's startup scene.
Tens of...

May 9th, 2016An HSBC analyst report marked down our valuation from $1b to $500m. For starters, this is very different from all the markdowns so far where investors have marked down their own investments. But given all the media reports, I got a lot of questions from people at Zomato about what’s going on. Here’s an email I sent to everybody at...

May 9th, 2016Not getting over Fund crunch cyclone in Indian startup ecosystem, it seems one more cyclone is going to hit Indian startups called as "valuation cut-off". After India's leading e-commerce company Flipkart valuation cut-off, the cyclone is hitting one more Indian startup "Zomato".
The brokerage arm of HSBC's bank, HSBC Securities and...

May 9th, 2016As per the report in ET, Roadrunnr (Logistics player) and Tinyowl(online food ordering platform) are in early stages talks to merge in an all-stock deal. Venture funds including Sequoia Capital and Nexus Venture Partners invested in both the startups.
At present, both companies have cash to sustain operations for at least 10 months....

April 10th, 2016Food and restaurant recommendation platform Burrp aims to garner revenues of Rs 150 crore by March 2019 as it expands services like events and offers a more personalised search experience to users.
The food-tech company, which competes with the likes of Zomato, is also aiming to facilitate transactions worth Rs 1,000 crore through...

February 8th, 2016Indian restaurant search and food delivery service Zomato, one of only a handful of Indian start-ups to succeed abroad, said on Monday. It had broken even in key markets including India and is on track to make a profit as early as June next year.
The result comes as Zomato seeks $200 million in funding, a source close to the group...

January 31st, 2016“The rear-view mirror is always clearer than the windshield” –Warren Buffet
2015 was truly our year of learning. We learned while doing things we had been doing for a while, and we learned while venturing into uncharted, unfamiliar territory. At the turn of the year, as we always do, we paused to take stock of what we’d learned...